Auditing & Assurance Services 6th Edition by Timothy Louwers

تمرين 42

Which of the following is an internal control weakness for a company whose inventory of supplies consists of a large number of individual items?
A) Supplies of relatively little value are expensed when purchased.
B) The cycle basis is used for physical inventory counts.
C) The warehouse manager is responsible for maintenance of perpetual inventory records.
D) Perpetual inventory records are maintained only for items of significant value.